Gringo Posted January 4 Share Posted January 4 This is the result of months of banning anyone trying to inform with direct answers + answering in an "unclear" manner so that a lot of people now thinks they will loose part of the airdrop if they sell and then buy back later. Instead of just answering: "No, you don't need to have at least the 15% to continue to be eligible for drops" this official Tom T mod answers "More or less yes" and then hints the real answer in a subtle way CONFUSING the average user. The Flare team is so afraid of people selling at launch, that they will get more people selling because of that attitude. SGB recovered a bit in price the last 2 days, so now 1 FLR IOU = 27 SGB. Still a very good deal. In the next five days SGB will probably continue to rise in price and relative to FLR, but I expect the SGB/FLR ratio will still make it convenient for selling FLR to buy SGB. (not that I am against if SGB "skyrockets" to $0.50 from the current $0.02 in the next five days, but in that case I wont sell most of FLR for SGB and XRP, only for XRP). PlanK 1 Link to comment Share on other sites More sharing options...
Guest Posted January 4 Share Posted January 4 18 minutes ago, Gringo said: This is the result of months of banning anyone trying to inform with direct answers + answering in an "unclear" manner so that a lot of people now thinks they will loose part of the airdrop if they sell and then buy back later. Instead of just answering: "No, you don't need to have at least the 15% to continue to be eligible for drops" this official Tom T mod answers "More or less yes" and then hints the real answer in a subtle way CONFUSING the average user. The Flare team is so afraid of people selling at launch, that they will get more people selling because of that attitude. SGB recovered a bit in price the last 2 days, so now 1 FLR IOU = 27 SGB. Still a very good deal. In the next five days SGB will probably continue to rise in price and relative to FLR, but I expect the SGB/FLR ratio will still make it convenient for selling FLR to buy SGB. (not that I am against if SGB "skyrockets" to $0.50 from the current $0.02 in the next five days, but in that case I wont sell most of FLR for SGB and XRP, only for XRP). I think what he means is - your subsequent airdrops are based on how much you have wrapped. If you want, you can sell half and wrap the remaining half, so you will only get half the original amount. And you can make this decision at any time. E.g. you can wrap 10% and sell 5%, then after 6 months sell another 5%, etc. That said, irrespective of motivations, I think this is unnecessarily complex. Hugo mentioned that there will be a tool to automate some of this, but in its current shape and form I don't think a lot of people will have the patience to claim rewards and wrap both SGB and FLR twice a week. It's too much. Link to comment Share on other sites More sharing options...
Gringo Posted January 4 Author Share Posted January 4 It's their policy to reply resorting to confuse wording instead of a direct reply, they really fear people dumping FLR, so they count on misleading a percentage of people into not selling their 15%. Quote I don't think a lot of people will have the patience to claim rewards and wrap both SGB and FLR twice a week. It's too much. Neither do I. Link to comment Share on other sites More sharing options...
RambeauTeasebox Posted January 4 Share Posted January 4 6 hours ago, Gringo said: This is the result of months of banning anyone trying to inform with direct answers + answering in an "unclear" manner so that a lot of people now thinks they will loose part of the airdrop if they sell and then buy back later. I was long ago shadowbanned from both the Flare and Songbird reddits for posting information about Flare's corporate structure and have stayed away from their other social media channels. I'm not surprised. Gringo 1 Link to comment Share on other sites More sharing options...
ftso_au Posted January 4 Share Posted January 4 (edited) I run the risk of you thinking I’m just loyally defending Flare, but I’ll say it anyway. Tom’s reply looks fine to me. The guy asked if he “must” wrap etc … and he replied accordingly. It’s tough moderating these questions, because anything you say is out there to be thrown back at you, as this was anyway. 95% of the questions can easily be answered if the guy asking just read the materials provided, thoroughly. Don’t get me started on guys that ask a question, get told an answer, then ask the same question again in a lightly different way, or say “so just to confirm” and repeat your answer to you. It does my head in! Anyway, feel free to scrutinize my moderation, I’m NeilD in the FN Discord. 😉 Edited January 4 by ftso_au PunishmentOfLuxury and swift_post 1 1 Link to comment Share on other sites More sharing options...
Gringo Posted January 4 Author Share Posted January 4 Quote Tom’s reply looks fine to me. This isn't "fine" and the general attitude of the Flare team has been the same for months now, always with non-clear responses and of course banning (or deleting messages) anyone trying to just give a direct answer. It doesn't matter if the channel is Telegram, Discord, Twitter or whatever. And I wont even argue with you because it is crystal clear for anyone NOT involved with the "team" the communication policy they adopted since months (or years) now. This: Quote user statement: "you must wrap the 1st 15% received" Tom T reply: "more or less yes" it is not a one time event. It has been going on for months and that's the reason the "average user" (international public, not necesarily tech savy and not necesarily native english) now thinks they need to at least keep the initial 15% to avoid losing the "other 85%". That is what the "team" wanted to spread as information and anyone "interfering" with that goal was either banned or silenced. In other words, that's the official Flare communication strategy. Quote Anyway, feel free to scrutinize my moderation, I’m NeilD in the FN Discord Nope. I wont write a word in any of the flare official channels. I was once blocked in one of the channels (like many other users) just for replying in a straight and direct way regarding the airdrop. Link to comment Share on other sites More sharing options...
Sharkey Posted January 5 Share Posted January 5 Wow I have been out of the loop on this, and now I am confused. Legit question:" If someone receives the 15% and decides to move it to another wallet, or to wrap it, or to sell it, or hold it, does that then impact their receiving of the remaining 85%? If so, this is goi ng to be way too complicated for most people, myself included. Gringo 1 Link to comment Share on other sites More sharing options...
Gringo Posted January 5 Author Share Posted January 5 After the initial airdrop the rest will be destributed (and I don't even want to talk about the "comunity" voting, because Flare has the needed votes to make the proposal pass, so the "voting" is just a farse) in a similar way as weekly rewards are distributed on songbird. You wont get the "remaining 85%". What will happen is that the colective amount of that 85% will be on a "pool" and distributed periodically to accounts that have "wrapped" FLR. So any FLR account wrapping FLR will receive a part of that pool. Of course it will "rain" FLR for years in a more inflationary way than currently SGB's are being distributed. So you need to ask yourself if it is more important the "nominal" amount of FLR you want to get or better the actual value that it represents. That is why (in my opinion) it is better to let the market to discover a (more or less) "stable" price for FLR before trying to get "flooded" by FLR that could plunge 90% in value. Sharkey 1 Link to comment Share on other sites More sharing options...
ftso_au Posted January 5 Share Posted January 5 No worries @Gringo you've rewritten everything you said in the original post, you've made your point. I won't engage further. Link to comment Share on other sites More sharing options...
Sharkey Posted January 5 Share Posted January 5 This is a great discussion, and it encouraged me to go read the source documents. Thanks for starting this thread, @Gringo. It's good to be prepared, and your comments have given me some things to consider. Cheers! Gringo 1 Link to comment Share on other sites More sharing options...
Gringo Posted January 5 Author Share Posted January 5 Thank you! Link to comment Share on other sites More sharing options...
PlanK Posted January 5 Share Posted January 5 13 hours ago, Gringo said: Looks perfectly fine Engrish to me. One sentence taken out of context does not make a malicious conversation. ftso_au and Gringo 1 1 Link to comment Share on other sites More sharing options...
Seoulite Posted January 5 Share Posted January 5 While I won’t claim just one sentence as evidence, as a general view over a period of time I think it is very fair to say that the moderators on discord have been atrocious at dealing with the community, and in general Flare PR has been very poor, basically since the beginning. I am looking forward to the distribution event just because it will be an opportunity to move on and for people to stop needing to guess and speculate. RambeauTeasebox and Gringo 2 Link to comment Share on other sites More sharing options...
BillyOckham Posted January 5 Share Posted January 5 Anyone willing to guess at price? I’m predicting an initial price of 20c falling to 1c in a day or so. Then perhaps a long slow rise. Seoulite 1 Link to comment Share on other sites More sharing options...
Sharkey Posted January 5 Share Posted January 5 Just one point of clarification, as I couldn't find a definitive answer, assuming the new "proposal" is approved, will each subsequent airdrop be based on a new snapshot of each wallet's holdings of WFLR? Gringo 1 Link to comment Share on other sites More sharing options...
Recommended Posts